Claire's news and archive

Claire's officially files for bankruptcy

Claire's Stores Inc has announced today they have officially filed for Chapter 11 Bankruptcy to reduce debt by 1.9 billion dollars. Like many other mall-based retailers, Claire's has been struggling due to declining mall traffic. The retail chain said that it reached an agreement with creditors including Elliott Management Corp and Monarch...

Management|ANALYSIS Featured

Claire's owner planning to divest and taking company bankrupt

U.S.-based accessories chain Claire's Stores is reportedly filing for bankruptcy later this month. Same sources, who have required to remain anonymous given the private nature of the deal, also pointed out that Claire’s owner, Apollo Global Management, would pass the company’s lease to lenders including Elliott Capital Management and Monarch...

Management|ANALYSIS Featured

The good, the bad, and the ugly of Trump’s new tax policy for U.S. retailers

Retail in the U.S. is largely a domestic industry, agree market experts. As such, the new taxation announced by Trump’s Administration will generally favor national retailers. The Tax Cuts and Jobs Act’s lower corporate tax rate benefits retailers more than other businesses in the country as this is a predominantly national market. Lowering the...

Fashion

Claire’s launches first e-commerce site in Europe

US specialty retailer Claire’s has launched its first European e-commerce website this week. Via different online boutiques, customers can order jewellery, cosmetics, hair and other accessories from key product collections. They can purchase in pounds or euros and have their selections shipped to more than 180 countries worldwide. “We have...